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How is unearned income different from earned income

Personal Financial Literacy | 1st Edition | ISBN: 9780538444521 | Authors: Joan Ryan ISBN: 9780538444521 464

Solution for problem 1 Chapter 2-2

Personal Financial Literacy | 1st Edition

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Personal Financial Literacy | 1st Edition | ISBN: 9780538444521 | Authors: Joan Ryan

Personal Financial Literacy | 1st Edition

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Problem 1

How is unearned income different from earned income?

Step-by-Step Solution:
Step 1 of 3

MAT210 BriefCalculus ArizonaStateUniversity Lectureby:JayAbramson 11.2MarginalAnalysis Profit=RevenueCost Marginal=Derivative P(x)=R(x)-C(x) P’(x)=R’(x)-C’(x) P(x)=(price)x-C(x) C(10)=2000 Costtoproduce10itemsus$2000 C’(10)=5 11thitemis$5 C(11)-C(10)=5.50 Exactcostof11thitemis$5.50 Example1 C(x)=0.025x +8x+10 Costtoproducexitems Eachitemsellsfor 10-0.01x (price) a) Findthemarginalcostatx=10 C’(x)=0.05x+8 C’(10)=0.05(10)+8= $8.50 b) Findtheexactcostofthe11t

Step 2 of 3

Chapter 2-2, Problem 1 is Solved
Step 3 of 3

Textbook: Personal Financial Literacy
Edition: 1
Author: Joan Ryan
ISBN: 9780538444521

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How is unearned income different from earned income